I want to know whether vat on diamond is applicable in gujarat or not?and if yes at what rate of %?
And....now a days new dealer who is going to take registration under vat is required to obtain both number namely tin and cst or only tin number surve the purpose?
26 December 2013
Gujarat Govt. decides to exempt diamond and Zari Sectors from VAT.
VAT CST Registration
Registration under Value Added Tax is governed by the respective State laws. Generally, the application for VAT & CST registration is online. Documents Required:
Copy of PAN card of the company; Certificate of Incorporation and
Memorandum and Articles of Association; Copy of PAN Card and Proof of place of residence of the directors; like electricity bill, telephone bill (two address proofs are required)
Copy of PAN card and address proof of the signatory to the application
Two latest passport size photograph of the authorized signatory;
Proof of ownership/tenancy/lease of the premises of the place from where business is being carried out (Office).
Details of all places of business including branches and go downs in the state of Maharashtra (If any);
Board resolution for authorizing a person to sign documents and represent company for the purpose of VAT Registration;
A demand draft (DD) of Rs. 25,000/- and Rs. 5000/-
POA in favour of a person to file the documents and represent before the department for registration.
MICR code of the Bank Account of the company;
Copy of Cancelled Cheque;
Particulars of the other dealer who will provide the introduction for registration.